Home Blog Page 84250

Obama speech signals a post-presidency like no other

0

NewsHubJanuary 11, 2017
— “Yes we can. Yes we did. Yes we can,” President Obama declared in wrapping up his farewell speech to the nation Tuesday night.
In three short assertions, Mr. Obama recalled his original, hopeful quest for the presidency, touted his record of eight years in the Oval Office, and then laid down his charge to the nation: Stay at it.
It is Obama’s call for continued action that may be of most consequence. Inequality, racial divisions, the decline of fact-based consensus and faith in public institutions all pose a threat to democracy, he warned, in urging Americans to accept “the responsibility of citizenship.”
“If something needs fixing, then lace up your shoes and do some organizing,” said Obama in a bittersweet farewell address before a crowd of 18,000 in his adopted hometown of Chicago.
But even as he signaled a return to his roots as a community organizer, Obama’s post-presidency promises to be much more than that. Obama is young and healthy, and clearly eager to vindicate the election loss of his would-be political heir, Hillary Clinton. The surprise election of Donald Trump, who intends to dismantle much of Obama’s legacy, has by many accounts lit a fire under the soon-to-be ex-president. And while Obama has said he will honor the tradition of former presidents in refraining from critiquing his successor publicly, he has also implied that he will not stay silent if he perceives a threat to core American values.
The news that broke right before Obama spoke suggested just such a crisis: an explosive but unsubstantiated report that Russia held damaging personal information about President-elect Trump that could be used to compromise him.
Obama didn’t mention the report in his remarks, but took a swipe at Russia (and China) in warning against taking American democracy for granted. “Rivals like Russia or China cannot match our influence around the world – unless we give up what we stand for, and turn ourselves into just another big country that bullies smaller neighbors,” he said.
Obama’s post-presidency appears set to follow multiple strands. He is doubling down on his commitment to Organizing for America, the outside group that sprang from his presidential campaigns and focused on supporting his agenda while he was in office. Now the group is being retooled to train activists and recruit Democratic candidates, according to Politico.
On Tuesday night, Obama referenced another post-presidential goal: the reshaping of congressional districts, due after the 2020 census.
“When Congress is dysfunctional, we should draw our districts to encourage politicians to cater to common sense and not rigid extremes,” he said.
Obama will work on redistricting with former Attorney General Eric Holder, who chairs a new outfit called the National Democratic Redistricting Committee. Mr. Holder has said the group will invest in races for governor, state legislature, and other down-ballot offices.
Unspoken in Obama’s remarks is the decline of the Democratic Party during his tenure. The party has lost roughly 1,000 state legislative seats, control of both houses of Congress, numerous governorships, and now the presidency. Democrats control the governor’s chair and both legislative chambers in only six states.
Like most ex-presidents in the modern era, Obama will set about writing a memoir as soon as he leaves office. His initiative aimed at helping young men of color avoid the school-to-prison pipeline, known as My Brother’s Keeper, will be another focus, as will his Chicago-based presidential library and foundation.
But Obama will be based in Washington for the next year and a half, while his younger daughter finishes high school, making him the first president since Woodrow Wilson to remain in the capital after leaving office. Obama’s close proximity to his successor – he and his family have rented a house less than three miles from the White House – will only tempt involvement as an informal Democratic adviser.
“I would not be surprised if he maintains a really important behind-the-scenes role in helping craft Democratic strategy,” says Andra Gillespie, a political scientist at Emory University in Atlanta. “The question is, in a media-saturated environment, whether he can keep those types of maneuverings under wraps. But I can see him privately being called upon to provide strategic support, giving advice to people, providing institutional memory.”
But in his remarks Tuesday night, Obama framed his exhortations on civic engagement in a broad, nonpartisan way.
“Our youth, our drive, our diversity and openness, our boundless capacity for risk and reinvention means that the future should be ours,” Obama said. “But that potential will only be realized if our democracy works. Only if our politics better reflects the decency of our people. Only if all of us, regardless of party affiliation or particular interests, help restore the sense of common purpose that we so badly need right now.”
In his call for national unity, Obama adopted a hopeful tone, as he called for Americans to reengage in the hard work of forming a more perfect union.
“If you’re disappointed by your elected officials, grab a clipboard, get some signatures, and run for office yourself,” he said to the cheers of the crowd at Chicago’s McCormick Place.
“Show up, dive in, stay at it,” Obama continued.
“Sometimes you’ll win, sometimes you’ll lose. Presuming a reservoir in goodness, that can be a risk. And there will be times when the process will disappoint you. But for those of us fortunate enough to have been part of this one and to see it up close, let me tell you, it can energize and inspire. And more often than not, your faith in America and in Americans will be confirmed. Mine sure has been.”

Similarity rank: 13
Sentiment rank: -2

© Source: http://www.csmonitor.com/USA/Politics/2017/0111/Obama-speech-signals-a-post-presidency-like-no-other
All rights are reserved and belongs to a source media.

NBC News — Of All Places — Derails The 'Russia Compromised Trump' Narrative

0

NewsHubNBC News correspondent Cynthia McFadden reported Wednesday that President-elect Trump was never briefed on a “two-page addendum” alleging that the Russian government has damaging information on Trump.
Donald Trump (Getty Images)
In fact, McFadden further stated that the brief — published by BuzzFeed on Tuesday — was in fact an example of “what [U. S. intelligence officials] are calling ‘unvetted disinformation,’” designed to help Trump distinguish between “analyzed intelligence” and unverified reports. (RELATED: BuzzFeed Publishes Unverified Claims About Trump And Russian Hookers)
WATCH:
“A senior U. S. intelligence official who was involved in the preparation for the meeting tells NBC that the president-elect was not briefed on this so-called two-page addendum of these allegations against him,” McFadden state. “It was part of the briefing materials available to the briefers, but it was not included because they believed it to be true. It was included for a different reason.”
“It was included should they feel they needed to explain to Mr. Trump the difference between analyzed intelligence and what they are calling ‘unvetted disinformation,’” she continued. “It was available for that purpose, and it never came up. Importantly, documents were never presented to Mr. Trump or his team.”
Donald Trump (Getty Images)
McFadden further stated that Trump’s intelligence briefing “was an oral briefing. One reason is at Trump Tower there’s no place to contain top secret documents.”
“This was an oral briefing, and we are told definitively that this was not told to Mr. Trump at the time.”
McFadden closed by adding that her U. S. intelligence source maintains that, “intel law enforcement officials agree that none of the investigations have found any conclusive or direct link between Mr. Trump and the Russian government, period.”
McFadden’s report directly contradicts reports by news outlets including CNN and the Washington Post that the addendum was delivered to Trump last week. The addendum was based on a 35-page memo that includes unconfirmed allegations against Trump. BuzzFeed published the 35-page memo Tuesday without confirming whether any of the allegations were true.
Follow Datoc on Twitter and Facebook

Similarity rank: 13
Sentiment rank: -1.5

© Source: http://dailycaller.com/2017/01/11/nbc-intel-official-trump-allegations-are-unvetted-disinformation-video/
All rights are reserved and belongs to a source media.

LIVE: Donald Trump holds first post-election press conference

0

NewsHubTo report inappropriate comments, abuse and/or repeat offenders, please send an email to socialmedia@post-gazette.com and include a link to the article and a copy of the comment. Your report will be reviewed in a timely manner. Thank you.

Similarity rank: 19
Sentiment rank: 3.9

© Source: http://www.post-gazette.com/news/nation/2017/01/11/Donald-Trump-holds-first-post-election-press-conference/stories/201701110138
All rights are reserved and belongs to a source media.

After $900 million sale, Tullow primed for growth

0

NewsHubLONDON, Jan. 11 (UPI) — After selling of interest in a lucrative Ugandan oil basin, Africa-focused explorer Tullow Oil said it was tooled for production growth despite a rough year.
“2016 was another tough year for the oil and gas sector and for Tullow,” CEO Aidan Heavey said in a statement.
The company last year was plagued by equipment and legal issues at some of its prime holdings in Africa. The compounding strains of lower crude oil prices in 2016 forced the company to cut its spending plans , though in October it secured $345 million from lenders to help cover some of its debt, support it said would clear up some space for refinancing in 2017.
Tullow this week secured $900 million after selling a stake in the lucrative Lake Albert development in Uganda to French supermajor Total. Heavey said that deal should be seen as vindication that its focus on African basins is starting to draw wider attention in the industry.
With lender support and many of its recent difficulties in the rear-view mirror, the CEO said the company was in a position now to exploit improving conditions in the energy sector.
“We took action early to deal with lower oil prices and we are now benefitting from the reset and restructured business that we created,” he said.
West African production last year was around 65,500 barrels of oil per day, in line with its most recent expectations. For 2017, the company said it expected its working interests in the region would yield between 78,000 and 85,000 bpd.
Tullow’s operations at the offshore Jubilee oil field, one of its more promising holdings, were restricted last year by technical issues at a gas compression system and the company in early April said part of the so-called Kwame Nkrumah floating production storage and offloading facility positioned off the Ghanaian coast was damaged and no longer functioning as designed
Remediation work continues and the company expects enough progress so that Jubilee will contribute the bulk of what Tullow expects for production this year.
In administrative moves, Tullow said it was reshuffling its top management as Heavey, the company’s founder, starts a slow transition toward retirement.

Similarity rank: 0
Sentiment rank: 3.8

© Source: http://www.upi.com/Business_News/Energy-Industry/2017/01/11/After-900-million-sale-Tullow-primed-for-growth/1881484129629/
All rights are reserved and belongs to a source media.

Square rival iZettle raises $63 million to fund acquisition and expand

0

NewsHubEuropean financial technology firm iZettle has raised 60 million euros ($63.4 million) to help fund a recent acquisition and fuel expansion of its new lending product.
The Swedish start-up is a rival to U. S. firm Square, which is run by Twitter CEO Jack Dorsey.
It provides small point-of-sale terminals that connect to apps on a smartphone or tablet allowing small businesses to accept debit and credit cards. But the company has also been growing new areas of revenue and last year introduced Advance – a small business loan service. It allows companies to get access to capital from iZettle which is paid back as a percentage of the firm’s daily card payments.
The 60 million euro round is made of up of equity from existing investors as well as debt funding from U. S.-based Victory Park Capital. Jacob de Geer, founder and CEO of iZettle, said the debt portion of the funding was to fuel the Advance lending product it offers.
“IZettle is moving more into becoming a one-stop-shop for commerce,” de Geer told CNBC via telephone, explaining how the start-up moved from point-of-sale terminals into new products.
Advance has seen “astronomical” growth, de Geer said, after launching the product last August, but added that the company was not releasing figures as it was still a young product.
IZettle also announced the appointment of new Chief Financial Office Maria Hedengren.
“We have been going for over five years, but the company is at a stage where it’s time to grow up even more, to strengthen the core management of the company, to facilitate and enable us to – in 18 to 24 months – to decide on the next step,” de Geer said.
“You see consolidation going on, you see incumbents looking for ways to update their organization, the IPO market is heating up. There are so many different options we need to prepare for. ”
When CNBC asked if the hiring of a CFO meant iZettle was preparing to go public or be acquired, de Geer said he had not decided on the direction of the company in that sense.
“There are a couple of opportunities, one could be to go public or continue to standalone, or another one could be to merge with another company. We don’t have a set agenda where we want to take the company from that perspective,” de Geer told CNBC.
The Swedish firm has begun to become acquisitive too. In September, iZettle bought Intelligentpos , a start-up that turns iPads into sales terminals, which targets more medium-sized enterprises. De Geer said he could not comment on any planned acquisitions but is “constantly scaling the market for complimentary services. ”
De Geer said that iZettle hit its financial targets in 2016, without giving specific numbers as the books have not been closed. The company’s main region is Europe while it also has operations in Brazil and Mexico.
Its closest rival is Square in the U. S. which offers very similar services. For now, iZettle is focused on Europe but is not ruling out expanding to the U. S. if it can meet the right requirements.
“We are keeping our eyes on the U. S. and given the pretty big change that’s ongoing in terms of exchanging the old swipe terminals for chip card terminals, it would make sense to make a move into the U. S.,” De Geer told CNBC.
“We have also said however, going into that market with strong competitors like Square would require significant amounts of funding but also, I think, you would need a strong distribution partner or general partner in the U. S. If we can tick those boxes we are definitely up for the U. S., but until we do that I wouldn’t say it’s our primary focus. We have a much smoother expansion path in Europe. “

Similarity rank: 0
Sentiment rank: 2.9

© Source: http://www.cnbc.com/2017/01/11/izettle-raises-63-million-to-fund-acquisition-and-expand-hires-cfo.html
All rights are reserved and belongs to a source media.

Three things to watch as the big US banks turn in their quarterly results

0

NewsHubThere’s a big difference coming into the fourth quarter of 2016 earnings for banks compared with the prior three — both share prices and sentiment have improved drastically for the sector, so there’s more room for disappointment than there was for all of 2016.
Before the election, the average valuation for the big five banks with both investment and commercial businesses was 1 times price to tangible book — or the banks’ market price in relation to the value reported on their balance sheets. That same measure now stands at 1.3 times. Over the coming quarters, banks need to deliver stronger earnings to justify that higher multiple, and Friday is the first major test of investors’ elevated enthusiasm toward the sector.
On that note, the key things to watch are:
Given the extraordinary change in sentiment since the presidential election, there will be a disproportionate focus on management commentary, not least in terms of what they expect from a Donald Trump presidency in terms of deregulation and tax changes, but also more broadly because most banks will be announcing their 2017 guidance. (Next week from World Economic Forum in Davos , CNBC will broadcast interviews with the CEOs JPMorgan, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup .)
Broadly speaking, the analyst community remains positive on banks, though they expect more steady share price appreciation based on earnings growth, as opposed to the huge gains due to multiple expansion that investors saw in November and early December. But there now appears to be preference for commercial banks based on the fact that markets have already seen rates improve over investment banks, which stand to benefit from deregulation and tax changes that are yet to arrive.
Bank of America, JPMorgan Chase and Wells Fargo kick off earnings on Friday, with Morgan Stanley, Goldman Sachs and Citigroup following next week.

Similarity rank: 0
Sentiment rank: 1.4

© Source: http://www.cnbc.com/2017/01/11/bank-earnings-3-things-to-watch-as-big-banks-turn-in-quarter-results.html
All rights are reserved and belongs to a source media.

Dollar rises

0

NewsHubThe U. S. dollar is higher against other North American currencies in New York trading.
It’s worth 1.33 Canadian dollars, up from late Tuesday.
And the dollar is trading at 21.87 Mexican pesos, also up from late Tuesday.
comments
Need a break? Play a quick game of solitaire or Sudoku. Or take one of our fun quizzes!
The Obamas leave the White House Jan. 20, but they won’t be going far. See photos of their new Kalorama house, inside and out.

Similarity rank: 0
Sentiment rank: 2.8

© Source: http://wtop.com/money/2017/01/dollar-rises-13/
All rights are reserved and belongs to a source media.

Federal Transportation Dollars Spent On Streetcars No One Rides

0

NewsHubLocal governments routinely spend resources on infrastructure they don’t really need or want simply because available funds are sitting in a federal account and are therefore viewed as “free,” according to Sen. Jeff Flake’s new edition of the Wastebook.
That’s one takeaway from a litany of transportation and engineering boondoggles highlighted by the Arizona Republican Tuesday. Flake is the de facto successor to Sen. Tom Coburn, the Oklahoma Republican who created the first Wastebook and was known by his peers in the Senate as “Dr. No” when he retired in 2014.
Among the transportation and infrastructure examples highlighted by Flake in the latest Wastebook are the “two federal Transportation Investment Generating Economic Recovery (TIGER) grants totaling more than $65 million” supporting a streetcar that no one seems to want.
“I’ve never been on a car with more than 25 other people; it’s usually about a dozen, in a car that can seat 60 and carry up to 195,” a journalist observed, and many passengers are homeless people just looking for shelter, who often “got a little bit rough with the operators” and left it smelling foul, according to the Wastebook.
Low streetcar ridership notwithstanding, Atlanta, Georgia Mayor Kasim Reed bragged that “there have been five rounds of TIGER and we’ve won two. And in the two rounds that we won, we got the largest grants.”
Up north, in the Hamptons of New York, federal officials replaced natural dunes with a sandbag structure that was immediately eroded.
“The Army Corps came in, the funds were available, and this is what they proposed,” said East Hampton Town Supervisor Larry Cantwell. “We wanted no walkways at all, and we certainly didn’t want the walkways they designed,” but the New York State Department of Environmental Conservation and “the [Army Corps of Engineers] insisted that they be there.”
The chief of planning and policy for the North Atlantic Division of the Army Corps said “we were asked to do this work. We don’t just go places and do things,” according to the Wastebook.
An East Hampton resident said “it was disgusting. Half the beach was gone, and there’s this pipe spewing who knows what.” A coastal geologist said “the project will likely result in significant degradation of the public beach, while providing little protection for property,” he said.
In California, federal officials spent $3.1 billion for a bullet train whose first segment was supposed to be completed in 2018, yet no track has been laid. The train was initially planned to drop passengers off in a dusty pistachio field so the project could be called “shovel ready” under President Barack Obama’s economic stimulus program.
That turned out not so easy to do, and taxpayers are consequently now paying to keep construction equipment idle, even as most Californians say they don’t want the train.
“Despite the billions of dollars provided by the federal government, the rail system is struggling to attract capital and is $43.5 billion short. Private investors have shown little interest in the project. Financial support from the state has also been lagging, in part because the federal government waived the requirement for the state to make an upfront dollar-for-dollar match. The unusual agreement allows California to spend federal dollars first before putting up any of its own money,” Wastebook said.
The foreign company building the train said on its bid application that it “will require large government subsidies for years to come,” but California deleted this warning when the proposal was posted online, according to Wastebook.
In Florida, federal dollars bankrolled “golf tournaments, a music and wine festival, holiday wine glasses, and a private boat cruise” by a barely-accountable independent government arm called the Lake-Sumter Metropolitan Planning Organization, which gets $100 million in federal and state funding annually.
Federal money even covers staff who often don’t show up for work. An auditor also found that “mismanagement of grants has occurred consistently.” “I’m unapologetic,” the organization’s director said, claiming that it’s “legally an independent agency,” even though it gets its money from other governments.
Follow Luke on Twitter. Send tips to [email protected].
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

Similarity rank: 0
Sentiment rank: 2.9

© Source: http://dailycaller.com/2017/01/11/federal-transportation-dollars-spent-on-streetcars-no-one-rides/
All rights are reserved and belongs to a source media.

'This Is Us' star on Toby's fate

0

NewsHubThis story contains spoilers about Tuesday night’s episode of “This Is Us. ”
(CNN) “This Is Us” fans have been on pins and needles awaiting the fate of Toby.

Similarity rank: 0
Sentiment rank: 1.8

© Source: http://rss.cnn.com/~r/rss/edition_entertainment/~3/_K_uOTkhCgs/index.html
All rights are reserved and belongs to a source media.

'La La Land' cast on why the musical is best suited for the big screen

0

NewsHub(CNN) With its sprawling and chromatic cinematography, “La La Land” is a beautiful, big screen experience. Starting this weekend, you’ll be able to see the film on even bigger screens.
Check out the stunning new @IMAX poster for #LALALAND! See it in theaters now, and experience it in IMAX starting January 13! pic.twitter.com/htkGGCDioF

Similarity rank: 0
Sentiment rank: 2.5

© Source: http://rss.cnn.com/~r/rss/edition_entertainment/~3/ikbgu56QlJQ/index.html
All rights are reserved and belongs to a source media.

Timeline words data